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Thursday, May 26, 2005

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Unsatiated demand for consumer durables: NSSO
Rural areas witness big change in a decade

DESPITE the boom in consumer products witnessed in the last decade, a huge unsatiated demand exists in India for consumer durables. This has been brought out by the National Sample Survey Organisation (NSSO) in its latest report on `Household ... More

Indian consumer confidence rising: MasterCard survey
According to the latest survey by MasterCard International, Indian consumers are more optimistic about the next six months now than they were in August or even February last year. MasterCard conducted this survey across seven markets: Egypt, ... More

BSNL cuts tariffs for direct Internet access
THE state-owned Bharat Sanchar Nigam Ltd has decided to reduce tariffs for direct Internet access services (DIAS) by over 50 per cent. While the installation charges have been brought down from a maximum of Rs 3,000 to a flat fee of Rs 500 across ... More

Market overcomes intra-day volatility; Sensex up 32 pts
THE bourses overcame intra-day volatility and the benchmark indices closed in the green for the fifth consecutive trading session on Wednesday. Yet, market participants feel sentiment is still not overtly bullish and expect stocks to move in a ... More

SAIL posts record profit of Rs 6,817 cr
STEEL Authority of India Ltd has reported a net profit of Rs 2,678 crore for the fourth quarter of 2004-05, recording an increase of 164 per cent compared to the corresponding quarter the previous fiscal. Net profit during the year touched an ... More

TAFE to acquire Eicher's tractor business for Rs 310 cr
EICHER Motors Ltd today announced that it would be selling its tractor, engine and gears division to Tractors and Farm Equipment Ltd (TAFE) for a consideration of Rs 310 crore. The transaction would raise TAFE's marketshare to 22 per cent in ... More

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